While Evan thinks most things are the exact same and there was a never a good ‘ol time, I believe the economy has changed insofar as there aren’t really any “good jobs” left anymore. I would define a good job as one that our parents’ had where you worked at one employer for your entire life and retired with a nice defined benefit pension. We have to work with what we have and today’s path to wealth involves two things above all else: making your own way in life, and saving money wherever and whenever you can. Focusing on the second part of the equation for the post here are a few ways to save a lot of money and still get what you want in life:
1. Coupon Codes for Top Brands
There are essentially two types of purchases that you can make: those that increase in value over time and those that decrease. A home can be an investment as can certain luxury goods and other assets. Other purchases will start decreasing in value immediately.
For both of these types of purchases, coupon codes for top brands can be a huge help, both in increasing the value of your investment, and in decreasing what you spend on items that won’t offer any return.
2. Drop Down Deals
Services like Drop Down Deals save a lot of time by bringing coupons and deals right to you so that you don’t have to waste a whole day clipping coupons and searching in vain for the right deal. It’s hard to find a lot of time to actually make money if you have to spend hours a day saving it, so this is a great way to get the tedious part out of the way in a few minutes a day.
3. Longer Term Decisions
One of the easiest ways to make and save a lot of money is to think in the long term. For instance, buying the 12 packs of toilet paper for eight dollars or so instead of buying them one at a time for a dollar each. It may seem like a small difference, but four dollars here and there can add up rather quickly.
It’s about getting into the habit of buying everything in this way so that you eventually save hundreds, perhaps thousands a year. Buying the more expensive shoes that last twice as long or a pack of t-shirts instead of one at a time can make a major difference over several months.
It’s not really challenging. It’s not uncommon to go from a five figures to seven figures in the bank in a matter of less than a decade simply by sort of nickel and diming your way to prosperity like this. Saving isn’t the only part of being successful, but it’s part of it.
Post by Amanda
Evan’s Note on the guest post: While I believe that controlling one’s spending is important I think it is naive to believe that most people can nickel and dime their way to a seven figure nest egg.